As per now Gold is in range of 1970-40. And this is a critical area. gold tried to pull down in Asian session but in London session it took jump and back is near opening price 1957. DXy also developed a bearish channel and will stay in that channel, which is increasing buying pressure on gold. so gold can retest 1965-70 level before going further down.
Once the Price the above resistance level I think then we can go into short position.
So market in this week will be so tricky be careful.
Interaday Support Resistance Level.
Pivot Level: 1952.91
Resistance Level: R1:1958.065 R2:1963.89 R3:1969.043
Support Level: S1:1947.087 S2:1941.940 S3:1936.109
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Once the Price the above resistance level I think then we can go into short position.
So market in this week will be so tricky be careful.
Interaday Support Resistance Level.
Pivot Level: 1952.91
Resistance Level: R1:1958.065 R2:1963.89 R3:1969.043
Support Level: S1:1947.087 S2:1941.940 S3:1936.109
Support my work with like & comment! Thanks.
